08:38 AM EDT, 04/15/2024 (MT Newswires) -- Grifols ( GRFS ) is planning to appoint independent directors only to its audit and compensation committees as part of measures to continue enhancing governance, La Vanguardia reported, citing an interview with the company's Chief Executive Nacho Abia and Chairman Thomas Glanzmann.

The company's stock price suffered a setback after a report from Gotham City Research in January, the report said, citing the chairman.

"The markets and the regulator questioned our accounts, which had always been endorsed by the auditors, and wanted to review them all, focusing on transactions that were carried out four and six years ago, and they examined our relationships and transactions with related parties, which have always been carried out under market conditions, and they questioned our governance and transparency," the Spanish newspaper quoted Glanzmann as saying.

The company said "the audit committee and the compensation committee will be made up only of independents," according to the report.

The company has also agreed to sell its Shanghai Raas Chinese unit to Haier and issue a bond of 1 billion euros ($1.07 billion), the newspaper said, citing Abia and Glanzmann.

Grifols ( GRFS ) did not immediately respond to MT Newswires' request for comment.

Shares of the company were down 1.4% in recent Monday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)